Tax News

J'accuse; just a little boost; independent thinking; and other highlights of recent tax cases.

The Treasury is warning Congress that it needs lawmakers to unlock funding for the Internal Revenue Service that could be rescinded due to legislative language.

By viewing time as a valuable asset — much like the financial assets you manage for clients — you can make better choices about how you invest your hours.

The IRS introduced changes to certain contribution limits to 401(k) and retirement plans for 2025, while some limits will remain the same.

The IRS Advisory Council's annual report covered 37 different areas of concern and recommendations.

What does the 2024 Trump tax plan mean for you and your clients this time around?

Saving Social Security; sued over an address; more 5471 opinions; and other highlights from our favorite tax bloggers.

The Internal Revenue Service extended its transition relief for the new Form 1099-K information reporting threshold.

Tesla Inc.'s electric vehicles would be shut out from consumer rebates under a proposal by California Governor Gavin Newsom, pitting him against Elon Musk.

A Republican sweep in November's election threatens a niche tax break that helps American colleges upgrade dorms and academic buildings on campus cheaply.